Luxembourg vs Norway: Stock market capitalization to GDP

Luxembourg
70.3%
in 2020
Norway
73.0%
in 2019
Luxembourg rank
28th
Norway rank
26th

Stock market capitalization to GDP over time

  • Luxembourg
  • Norway
0100200300197519972020

How they compare

Norway currently reports 73.0% against 70.3% in Luxembourg, a difference of 2.7%.

The two have swapped places 3 times across 39 shared years of data; in 1981 it was Luxembourg ahead.

Luxembourg ranks 28th and Norway ranks 26th of 91 countries.

Luxembourg has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Luxembourg Norway Difference Ahead
1980s 60.3% 21.2% 39.1% Luxembourg
1990s 135.0% 28.0% 107.0% Luxembourg
2000s 158.8% 52.9% 106.0% Luxembourg
2010s 103.3% 57.5% 45.8% Luxembourg

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Luxembourg or Norway?
Norway, at 73.0% against 70.3% in Luxembourg as of 2019.
What is the difference in stock market capitalization to gdp between Luxembourg and Norway?
2.7%, with Norway ahead.
How many years of comparable data are there for Luxembourg and Norway?
39 years are reported by both, from 1981 to 2019.
How do Luxembourg and Norway rank globally for stock market capitalization to gdp?
Luxembourg ranks 28th and Norway ranks 26th of 91 countries.
Where does this data come from?
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as Stock market capitalization to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Luxembourg vs Norway: Stock market capitalization to GDP. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 10 September 2026, from https://financial-sector.statizoid.com/compare/stock-market-capitalization-to-gdp-percent/luxembourg/norway/

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About this data

Indicator
Stock market capitalization to GDP (%)
Unit
%
Source
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
91 places, 2,329 data points, 1975–2020
Last refreshed

Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).